HIGHLIGHTS
- Yield of 10-year Indonesia Government Bonds is 6.496% on December 21, 2023, vs 6.501% the day before. Meanwhile at the same time UST the 10-yr yield rose to 3.89%, from 3.86% the previous day.
- Government bonds volume was IDR54.38 trillion, and it was dominated by short term (< 5 years). It was advanced than the previous day transaction of IDR49.28 trillion. The volume higher than its YTD average of IDR44.80 trillion. While the outright transaction reached IDR11.65 trilion fell from the previous day's transaction which amount to IDR13.90 trilion.
- Meanwhile, the total volume of corporate bonds was recorded at IDR2,854.75 billion, dominated by short term (< 5 years). The transaction volume advanced compared to the previous day's volume of IDR1,351.57 billion. The volume higher compared to this year's average of IDR1,943.92 billion. Meanwhile, outright transaction recorded at IDR2,803.95 billion advanced from the previous day's transaction of IDR1,153.04 billion.
- The Rupiah exchange rate against the US Dollar weakened by 0.10% to IDR15,525 from IDR15,510 while the JCI declined -0.14% from 7,220 to 7,210. Then Brent increased from 80.07 to 81.54 USD per barrel, while WTI Cushing Crude Oil Spot price was up from 73.44 to 73.97 USD per barrel..
GLOBAL UPDATES
- The US economy expanded an annualized 4.9% in the 3Q23, slightly below 5.2% in the second estimate, but matching the 4.9% initially reported in the advance estimate. (Trading Economics)
DOMESTIC UPDATES
- Bank Indonesia (BI) maintains the BI Rate at 6.0%, as expected, amid stable Rupiah and inflation within the target range. BI sees room for BI Rate cut in the second half but asserts that the rate cut will not be part of following the Fed's policy, but rather as a result of the disappearance of global uncertainty. (Bank Indonesia)
To see the full version of this daily update, please click here
